The Punjab government has announced a 12.05 per cent annual profit rate on the General Provident Fund (GP Fund) of government employees for the fiscal year 2025-26.
According to the Punjab Finance Department, the new profit rate will apply to General Provident Fund deposits during the financial year 2025-26.
The profit rate has been reduced by 0.41 percentage points from the previous rate of 12.46 per cent applicable during fiscal year 2024-25.
The Finance Department has issued a formal notification regarding the revised GP Fund profit rate and informed the heads of autonomous and semi-autonomous bodies as well as all development authorities.
The department clarified that the 12.05 per cent rate will not apply to employees whose relevant fund rules prescribe a separate profit rate.